Up and Down Wall Street

The Global Puppeteer

Economies are rising and falling in response to the liquidity trends perceived by students of the Fed. And Barron's remembers a great colleague.

As was typical of households in the 1950s, ours had the soundtrack album of My Fair Lady, which left an indelible impression on me. Not so much then for the Lerner and Loewe music and lyrics that have become revered parts of the Great American Songbook, but for the cover illustration. That was the great caricaturist Al Hirschfeld's classic pen-and-ink drawing depicting George Bernard Shaw (who of course wrote Pygmalion, the play on which the musical was based) as a puppeteer manipulating a marionette of Professor Henry Higgins, who in turn controlled a puppet of Eliza Doolittle. To an impressionable youngster...